In the face of the current unilateralism and trade protectionism in the world, China is responding in its own way.
The Chinese government network announced on the 12th that Chinese Premier Li Keqiang recently hosted a State Council executive meeting, demanding greater openness to the outside world and promoting diversified development of imports and exports. The meeting pointed out that taking enterprises as the mainstay and expanding the diversified international market is conducive to promoting the steady improvement of foreign trade and the smooth operation of the economy.
To put it simply, we want to “sell globally” and “buy globally”.
In the face of protectionism, how does China’s foreign trade work? The State Council spoke
The country is a through train, Feng Lingling
According to the latest data from the General Administration of Customs, China’s exports to major trading partners such as the EU, ASEAN and Japan have increased steadily in the first five months of this year, with exports to the EU and ASEAN exceeding 10%; trade with countries along the Belt and Road. It is also growing.
The numbers will not be deceived. This shows that the diversification of China’s foreign trade enterprises is constantly advancing, and the ability to resist pressure and resilience is enhanced. Especially in the context of current Sino-US trade frictions, it has provided support for the steady development of China’s foreign trade.
Wang Xiaosong, a researcher at the National Development and Strategy Institute of Renmin University of China, told the China News Agency that the country is a through train. Since this year, China’s exports to the EU have exceeded the proportion of exports to the United States. At the same time, the overall export situation is stable, which means that Chinese exporters have opened up even more. In a wide-ranging market, the export diversification strategy has gradually been implemented.
Wang Xiaosong further pointed out that many enterprises in the past have relied too much on a single market such as the United States, and they believe that their markets are stable and their export profits are lucrative. However, in the current trading environment, the stability of the relevant market is no longer needed. This requires enterprises to adjust their business strategies. “If you can open up a broader export market, you can successfully cross this hurdle.”
Talking about the diversified development direction, Bai Ming, deputy director of the International Market Research Institute of the International Trade and Economic Cooperation Institute of the Ministry of Commerce of the People’s Republic of China, believes that from the perspective of space, China is actively adjusting the international market layout and expanding the market of the third country, the “Belt and Road”. From the perspective of the national market, foreign trade enterprises should speed up the transformation and upgrading, open up more new fields, and cultivate and build new advantages in international trade competition.
While bringing the “Made in China” gold signboard to the rest of the world, China has also opened its doors to welcome all types of quality imported goods and services.
In fact, imported goods are now embedded in the daily lives of Chinese people. American avocados, Chilean cherries, Argentine red shrimps… a variety of foods from afar on the table; French perfumes, Japanese cosmeceuticals, Korean masks… Bottles and jars on the dresser Printed with various texts. So many Chinese netizens laughed and said that if they take away all the foreign goods in their homes, they will “at least half empty.”
A strong expansion of import policies has also provided conditions for a large increase in imports. In the past year, China’s import tariffs have been lowered several times, involving thousands of tax items such as drugs, automobile vehicles and parts, daily consumer goods, and mechanical and electrical equipment. Import customs clearance time has been reduced by nearly half compared with the previous year. In the words of Li Kuiwen, spokesman of the General Administration of Customs of China, a series of policy measures such as actively expanding imports have effectively stimulated the vitality of enterprise imports.
Look at a set of figures: From 2017 to 2018, China’s imports have increased by more than 200 billion US dollars, and the increase is close to the total import value of Switzerland for one year!
“In international trade, export is only a means, and import is the purpose.” Su Qingyi, an associate researcher at the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, said that the export can finally be reflected in the import to truly enhance the welfare. China’s expansion of imports will not only enhance consumer welfare, but will also make economic and trade development more balanced and sufficient.
Zhao Ping, director of the International Trade Research Department of the China Council for the Promotion of International Trade, pointed out that expanding the import of high-quality goods and services and enriching domestic consumption choices not only conform to the current trend of China’s consumption upgrade, but also accelerate the pace of upgrading the consumption structure. At the same time, China can take on more of its big country’s responsibilities by expanding imports, and it can also let the world share its own development dividend.
How to do it?
In order to promote the diversification of import and export, the meeting proposed a number of measures, including actively promoting the negotiation of high-standard free trade agreements and regional trade agreements with more countries. Study and expand the comprehensive pilot zone for cross-border e-commerce. Encourage enterprises to improve the international marketing network and promote the export of products that meet the needs of the international market. Actively increase imports. Promote a stable and stable development of import and export.
It is worth mentioning that China is accelerating the construction of a high-standard free trade zone network based on the surrounding areas and radiating the “One Belt and One Road” and facing the world. At present, China has signed free trade agreements with more than 10 “Belt and Road” economies along ASEAN, Singapore, Pakistan, etc., and is actively promoting regional comprehensive economic partnership agreement (RCEP) negotiations, as well as free trade with Israel, Sri Lanka and other countries. Negotiation of the agreement.
Vice Minister of Commerce Wang Shouwen recently revealed that this year China will continue to accelerate the construction of the free trade zone, actively play the role of the FTA, support enterprises to develop diversified markets, and increase the import and export of goods and services on a larger scale.
At the same time, with the development of cross-border e-commerce as a breakthrough, promoting international trade liberalization, facilitation and business innovation is of great significance for accelerating the transformation of foreign trade development mode and enhancing comprehensive competitiveness.
Since the State Council approved the establishment of a cross-border e-commerce comprehensive pilot zone in 2015, the relevant regions have taken the lead in the technical standards, business processes, and supervision modes, and formed a series of good experiences and good practices. .
Experts said that this will help increase the import of competitive products from abroad, encourage enterprises to accelerate the construction of “overseas warehouses” and global marketing networks, create well-known brands of cross-border e-commerce, actively explore diversified markets, and promote the stable development of foreign trade and improve International Competitiveness.